Johnson Publishing Co. art auction fetches nearly $3 million, doubling expectations
The art represented the last of the company's major assets. Artwork that once decorated the Michigan Avenue offices of Johnson Publishing Co., which filed for bankruptcy in April, fetched nearly $3 million at auction last week more than doubling expectations.
The 87 pieces of African American art was sold in a live auction Jan. 30 in New York City.
Topping the list was artist Henry Ossawa Tanner's oil on canvas entitled "Moonrise by Kasbah (Morocco)," which sold for $365,000.
A piece by Carrie Mae Weems that chronicles the black migration to Chicago from Southern states through a series of seven real-life images sold for $305,...